With the new CEO in place, promising higher margins to Wall Street, I'm wondering how deep the cost cuts are going to be in 2016. Any thoughts? Where is the fat going to be cut?
1 reply
Layoffs are going to be certain.
You can see by the recent resignation of long term sr execs that it just started. Besides implementing his own team, there's still a lot of middle and upper mgmt left to chop. But then again who knows, they may keep them all around and fire the non-mgmt employees and outsource.
There's still a fairly long chain of command to tell their sole front line employee what to do.